DCP Midstream LP’s sees natural gas production levels rising, especially in the Permian Basin, and commodity prices remaining strong into 2023, supporting its “disciplined” strategy for capital expenditures. During a second quarter conference call, the Denver-based management team said the natural gas gathering and processing (G&P) business led it to record earnings. CFO Sean O’Brian…
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Articles from Dcp
Colorado Governor’s Opposition to Ballot Initiatives Unleashes DJ’s Full Potential, Says DCP CEO
DCP Midstream LP’s chief executive lauded Colorado Gov. Jared Polis’ ability to forge agreement among the energy industry and environmental groups, saying it “ensured political and regulatory certainty” in the state “for years to come.” CEO Wouter van Kempen of Denver-based DCP referred to a recent report from the governor in which he noted that…
New Mexico Regulator Fines DCP for Emissions Violations as States Demand Action on Methane
The New Mexico Environment Department (NMED) said Tuesday it has fined an affiliate of DCP Midstream Partners LP $5.3 million for air quality violations. The watchdog said that between December 2017 and June 2019, DCP Operating Co. LP submitted 367 excess emission reports for eight New Mexico facilities, totaling over 2.1 million pounds of pollutants.…
DCP Expanding Southern Hills NGL Capacity but Delaying Some Projects
Denver-based DCP Midstream LP said it plans to expand capacity on its Southern Hills natural gas liquids (NGL) pipeline system in the second half of 2019 by roughly 40,000 b/d.
SemGroup, DCP Launch Open Season for Gladiator Light Crude Pipeline
SemGroup Corp. and DCP Midstream LP launched an open season for the proposed Gladiator Pipeline, a converted pipeline that would transport light crude from the Cushing hub in Oklahoma to Houston and give producers in the Midcontinent and the Denver-Julesburg (DJ) Basin access to Gulf Coast markets.
Industry Briefs
NuDevco Midstream Development LLC(NMD), sponsor ofMarlin Midstream Partners LP, has agreed to buy a 28-acre industrial site near Albuquerque, NM, for an undisclosed price. The site includes rail access and room for crude oil storage tanks and multiple transloaders. Located in Bernalillo County, the site targets the San Juan Basin. NMD owns eight transloaders ready to be deployed. It is expected that once fully developed and commercially viable, the transloading and storage facilities will eventually be available to be dropped down to Marlin. “San Juan is an underserved crude oil region with tremendous demand for value-added midstream services, especially crude transloading and storage services,” said NMD CEO Keith Maxwell. The transaction is expected to close during the fourth quarter of 2013.
Colorado County Rejects Permit for NGL Pipeline
Elected officials in Adams County, northeast of Denver, CO, have rejected a land use permit request for the proposed 435-mile, natural gas liquids (NGL) Front Range Pipeline, which is targeted to traverse the county on its way to an interconnection in the Texas panhandle.